Lafarge Africa posts N17.2bn profit, to pay N1/share dividend » Business News » Tribune Online


Lafarge Africa Group Plc has recorded a profit before minimum tax of N17.2 billion in 2019, an impressive performance when compared to a loss before minimum tax of N1.5 billion in 2018. Thus, the board is offering a dividend of one naira per share for the year ended 2019.

According to the financial statement submitted to the Nigerian Stock Exchange (NSE), the company’s Profit from continuing operation closed at N15.5 billion in 2019 as against a loss of N8.1 billion during the comparable period in 2018. The operating Profit for 2019 stood at N34.9 billion, as compared to N38.5 billion in 2018.

It posted a revenue of N213 billion as compared to N217 billion recorded in 2018. The cost of…

Source: Nigerian Tribune